Pump.fun is struggling to maintain the momentum after having formed a new record of all time earlier this month. Altcoin has entered a corrective phase, the prices sliding in a coherent manner during recent sessions.
While the pump seems to be stable for the moment, the chain indicators suggest that new pain may happen.
Pump.fun loses users
The network growth provides a key signal for long-term sustainability of any cryptocurrency, and the pump flashes as far as signs are concerned. Data show that the growth of the token network fell to a three -month hollow. This drop reflects a slowdown in the participation of new investors in the pump ecosystem.
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Without new entries of participants, market confidence tends to weaken, leaving the pump on display. The absence of a call among new investors is directly linked to the drop in current prices. With a limited incentive to enter the current levels, the risk of token remained under short -term pressure.
The wider momentum image also indicates the weakness of the pump. The monetary flow of Chaikin (CMF), which follows capital entries and outputs, is currently down. This shows that investors withdraw the active money, intensifying the sale pressure.
The absence of inputs aggravates the problem. While new investors are launching and existing holders reduce exposure, the negative cycle is strengthening. For the pump to stage a recovery, a clear change in the movement of capital will be necessary, but for the moment, the momentum remains a drop.
The price of the pump seems vulnerable
At the time of writing the editorial staff, Pump is negotiated at $ 0.0058, sitting just above the critical medium at $ 0.0056. The holding of this level will be essential for any short -term rebound. Losing this involvement could further confirm the drawbacks.
Given the dominant feeling, the token seems vulnerable to a drop. The following key support is at $ 0.0047, and a drop to this area seems likely if the sales pressure continues. Ventilation here could mark a deeper trace phase.
Alternatively, if the pump rebounds successfully from $ 0.0056, the momentum could change slightly in its favor. The recovery of $ 0.0062 as a support would open the door to a rally to $ 0.0077, invalidating the lowering perspectives and giving investors a temporary stay.
